Realtor Luncheon

[Mike Garrett RAA]

It's always fun to start out by telling them how wrong they are!

Price per square foot is a REALTOR devise that really doesn't work well in appraisal but for a unit of comparison for those showing houses it sometimes can work pretty well. When I tell a REALTOR I might use $25 or $35 or $45 a square foot for an adjustment of the GLA they usually faint dead away.

We are just comparing apples to oranges, in most cases. I find most of my comps and the subject fall within a relatively narrow range on the price per square foot as generated off the sales price unadjusted. This is the reason appraisers and REALTORS need to be talking to each other rather than holding ****ing contests.

 

[TN Pro]

Ask them if the T.V commercials are true that Realtors not only work with a strong code of ethics, but they live their life by them too! (example # 1 of false advertising)

Maybe also ask why NAR insist on pronouncing the word as REAL-TORE, when even Realtors and the general public say Real-ter or Real- it- er

Ask the female Realtors why they feel a glamour shot is the way to go on their businescard. (Example #2 false advertising.) I'm all for fixing your hair for the picture, but dam!

Talk to them about their apparent commitment to keeping Lexus and BMW in business.

Have them educate you as to why a 2001 model 2300 square foot 2 story is a good comp for your 1950 1500 square foot ranch subject property.

Ask them why they think we are stupid, yet they can get their license by a mail correspondence course. (i know that technically, you dont get a Realtors license, as a Realtor is a member of an organization. Its for dramatic effect!)

Ask them why they persist in listing that manufactured home as "modular". (#3 example of false advertising)

Ask why their definition of rounding up the measurements means calling a 1400 square foot house 1800 square feet in the MLS.

Ask them why it is that when the appraisal comes in many thousands of dollars below contract that we are wrong and they are right.

Hope this helps a little.

Dean

 

[Mike Garrett RAA]

Psst...Dean, it's REAL TOR...there is no A in it.

 

[TN Pro]

Psst...Dean, it's REAL TOR...there is no A in it.

Mike, lets just keep that between us..People generally stop reading when i contribute to a thread, so no one will know my faux pas.
Actually, i am also a Realtor so i can say mean things.

 

[Thern Newbell]

Ask the female Realtors why they feel a glamor shot is the way to go on their businescard. Talk about false advertising. I'm all for fixing your hair for the picture, but dam!

I think real-tors have single handedly kept glamour shots in business, except from what I have seen, after meeting some of the agents, some of these photos are twenty years old. I have seen plenty of mullet shots for the men... of course, I am in Tennessee, so I can't really tell if the photo is current or from their senior yearbook.

Just a thought, though. Maybe the emphasis for real-TOR is in homage to Glam-OUR in Glamour shots.